Covista Q4 revenue beats analyst estimates on record enrollment levels

Covista

06/08/2026 21:33

Overview
US healthcare educator's Q4 revenue rose 9.7%, beating analyst expectations
Adjusted EPS for Q4 beat consensus, rising 25.9% year-over-year
Company repurchased $238 mln of shares in fiscal year 2026

Outlook
Covista sees fiscal 2027 revenue between $2.05 bln and $2.09 bln, up 5%-7% YoY
Company expects fiscal 2027 adjusted EPS of $8.90-$9.15, up 8%-11% YoY
Covista says it enters fiscal 2027 with momentum and is tracking ahead of long-term targets

Result Drivers
WALDEN ENROLLMENT GROWTH - Walden University enrollment rose 14% year-over-year, driving a 15.7% increase in Q4 revenue and contributing to record enrollment levels
CHAMBERLAIN NURSING DEMAND - Chamberlain University enrollment grew 1.6% in Q4, supported by pre-licensure nursing and new employer collaborations
MEDICAL AND VETERINARY GROWTH - Medical and Veterinary segment enrollment increased 7.3% year-over-year, supporting an 10.7% rise in Q4 revenue

Company press release: ID:nBwc0Qqma

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$501.40 mln
$486.63 mln (4 Analysts)
Q4 Adjusted EPS
Beat
$2.09
$1.89 (4 Analysts)
Q4 EPS
 
$2.06
 
Q4 Adjusted Net Income
Beat
$72.80 mln
$65.29 mln (4 Analysts)
Q4 Net Income
 
$71.70 mln
 
Q4 Adjusted EBITDA
Beat
$126.90 mln
$123.64 mln (3 Analysts)
Q4 Adjusted Operating Income
Beat
$100.90 mln
$98.95 mln (4 Analysts)
Q4 Adjusted EBITDA Margin
 
25.30%
 
Q4 Operating Income
 
$95.40 mln
 

Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the miscellaneous educational service providers peer group is "buy."
Wall Street's median 12-month price target for Covista Inc. is $155.00, about 20.2% above its August 5 closing price of $128.91
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 13 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)